Simpar unwinds swap positions, reacquires shares in subsidiaries

Simpar liquidated total return swap contracts on its subsidiaries Movida, Vamos, JSL, and Automob, concurrently buying ordinary shares via CS Brasil. The move follows December 2023 terms and precedes new swap agreements of similar volume, signaling a technical restructuring of derivative exposure. Market impact is limited, but the transaction may affect share liquidity and perceived leverage.